10.02.2020 Vulcan Energy: Acquisition of a world leading German-based geothermal consultancy team

10.02.2020 Vulcan Energy: Acquisition of a world leading German-based geothermal consultancy team

Highlights:

  • Binding agreement signed to acquire 100% of geothermal subsurface consultancy company GeoThermal Engineering GmbH GeoT).
  • GeoT has a highly credentialed, world-leading scientific team with over a century of combined expertise in sub-surface development of geothermal projects, from exploration to production drilling.
  • Acquisition is part of Vulcan’s plans to accelerate its Zero Carbon Lithium® project in Germany, by rapidly growing its development team.
  • GeoT (https://www.geo-t.de/en/) is based in the Upper Rhine Valley, Germany, and is owned by Vulcan Executive Director Dr. Horst Kreuter.

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